Economy

Rotating power outages impacting the Central Coast

A spokesperson for PG&E tells KSBY the rotating outage has now ended and power has been restored back to customers. The odds of rolling outages on Saturday and Sunday might prove lower as demand is ty...

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Greencore Conducts Contact Tracing Following COVID Outbreak At Northampton Facility

Greencore Conducts Contact Tracing Following COVID Outbreak At Northampton Facility

Individuals are terrified. I know circumstances of husbands not wanting wives to go to get the job done mainly because of the COVID outbreak". Mr Attwall, of The Bakers and Allied Food Workers Unio...

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How hot was it? Sporadic power outages in Sonoma County

How hot was it? Sporadic power outages in Sonoma County

And with temperatures continuing to rise - locally, nationally, globally - as the planet warms, otherwise temperate areas in the state are taxing California's already strained electricity grid rig...

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BMW Begins Development of M3 Touring... due in 2022

BMW Begins Development of M3 Touring... due in 2022

Interestingly, both variants will be rear-wheel driven, but BMW has confirmed that the Competition models will, at a later stage, be offered with the long-rumoured M xDrive all-wheel-drive option. Nev...

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China Takes Digital Yuan Trial to Beijing

China Takes Digital Yuan Trial to Beijing

Tests will take place in the area of northern China encompassing Beijing, coastal city Tianjin and Hebei Province; the city cluster in the Yangtze River Delta region including Shanghai; and the Grea...

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Apple and Google drop Fortnite from app over payments war

Apple and Google drop Fortnite from app over payments war

And maybe that has you now wondering: Where does that leave me? Epic says that Google and Apple take an unreasonable cut of profits made from in-game purchases . So, if you had ever downloaded " ...

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United Kingdom removes France from its list of 'safe' destinations

United Kingdom removes France from its list of 'safe' destinations

Transport Secretary Grant Shapps insisted the Government had taken "a practical approach" to the new restrictions. Travellers willing to pay these inflated fares could still miss out due to many ser...

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How major USA stock indexes fared Friday

How major USA stock indexes fared Friday

The S&P 500 and Dow indexes dipped at the open on Thursday as weekly jobless claims fell below 1 million last week, but that was likely due to the expiration of a US$600 weekly jobless supplement th...

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United Kingdom secures early access to promising vaccine candidates

The deals include an initial 60 million doses of Novavax's vaccine and 30 million doses of J&J's vaccine. It will run parallel to the Phase 3 trial investigating the single-dose program. In a sepa...

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Record recession: How was it sparked and what will it mean?

Record recession: How was it sparked and what will it mean?

Hundreds of thousands of people have already lost their jobs, and sadly in the coming months many more will. The UK economy recorded a record fall of 20.4 percent between April and June, the large...

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UK Inks Deals For 90 Million Doses Of Potential Covid Vaccines

UK Inks Deals For 90 Million Doses Of Potential Covid Vaccines

The next phase of clinical trials is expected to begin later this year to look at whether providing 2 doses of their vaccine candidate to participants provides long-term protection against coronaviru...

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Oil edges lower after jump on US stocks draw

Oil edges lower after jump on US stocks draw

Consultants are expecting the world's biggest importer to boost its purchases for later in the year, potentially adding support to crude. In India, demand for fuel in July dropped 10.8% from a year ...

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Have gold prices reached their peak?

Have gold prices reached their peak?

COMEX gold December contract trades 0.5 percent lower near $2,025/oz after a 0.6 percent gain in the previous session. Futures for December delivery declined 0.2 per cent to US$1,945.30 on the Comex...

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Ontario's deficit jumps to $38.5-billion this year due to pandemic

Ontario's deficit jumps to $38.5-billion this year due to pandemic

During the height of the pandemic, with more than a million people out of work in Ontario, provincial tax revenues dropped by $10.7 billion, largely owing to declines in personal income and corporate ...

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Federal watchdog says Trump can give convention speech at White House

Federal watchdog says Trump can give convention speech at White House

The guidance from the agency came in an advisory opinion issued in response to a request from Congresswoman Carolyn Maloney of NY, the chairwoman of the House Oversight and Reform Committee, concern...

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Weekly Jobless Claims Fall Below 1 Million, but Labor Market Recovery Faltering

Weekly Jobless Claims Fall Below 1 Million, but Labor Market Recovery Faltering

The tally is a decrease of 5,151 claims compared to last week, which itself was a low for the period since the coronavirus prompted a series of shutdowns and restrictions. About 963,000 people sough...

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PM unveils 'transparent taxation', rights charter for taxpayers (Ld)

PM unveils 'transparent taxation', rights charter for taxpayers (Ld)

One of the features of the faceless assessment scheme is that it abolishes territorial jurisdiction and allows team-based assessment and review. Launching the information technology and artificial i...

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McDonald's sues former CEO for lying about sexual relationships

McDonald's sues former CEO for lying about sexual relationships

Disgraced former McDonald's chief executive officer Steve Easterbrook , after admitting in late 2019 that he had a non-physical consensual relationship with an employee, faces a lawsuit from the f...

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Unemployed Australians Reach One Million for First Time

Part-time employment rose by 71,200, beating the rise in full-time employment of 43,500. Employment has recovered by 343,000 people and hours worked has also recovered 5.5% since May, the ABS said. ...

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France sends its Navy to the eastern Mediterranean in support of Greece

France sends its Navy to the eastern Mediterranean in support of Greece

But, after declaring the Greek-Egyptian deal " null and void ", Turkey authorized the Oruc Reis research ship to continue its activities in an area within the country's continental shelf. France, Tu...

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British PM wants to reach a deal on Brexit - Taoiseach

British PM wants to reach a deal on Brexit - Taoiseach

And he has been finalising the first stage of plans to mark the centenary of Northern Ireland's foundation. Britain's Prime Minister Boris Johnson (R) greets Ireland's Prime Minister Micheal Marti...

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Tencent profit beats expectations after strong demand for games

Tencent profit beats expectations after strong demand for games

Suppliers to Apple Inc. saw some of the biggest declines. Heightened usage of Tencent's digital services driven by Covid-19 may boost the company's earnings in the coming quarters. Trump has announc...

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United Kingdom crashes into deepest recession of any major economy

United Kingdom crashes into deepest recession of any major economy

It does not use the two-consecutive-quarters definition for recession and instead counts anything considered to be a "significant decline" in economic output. This could be compared to the 2.2% drop i...

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Donald Trump Signs Executive Order To Aide Unemployment & Defer Payroll Taxes

Donald Trump Signs Executive Order To Aide Unemployment & Defer Payroll Taxes

Mnuchin, who spent almost two weeks trying to broker a deal in talks with House Speaker Nancy Pelosi , Senate Democratic leader Chuck Schumer and White House Chief of Staff Mark Meadows, also describ...

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Amazon, Google join pledge to hire 100K poor, minority New Yorkers

Amazon, Google join pledge to hire 100K poor, minority New Yorkers

The co-chairs of the brand new institution consist of Jamie Dimon, CEO of JPMorgan Chase; Arvind Krishna, CEO of IBM , and also Julie Sweet, CEO of Accenture. As per the authentic sources, the 100,00...

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S&P 500 top movers: Casino and cruise liner stocks extend rally

S&P 500 top movers: Casino and cruise liner stocks extend rally

The S&P 500 posted 33 new 52-week highs and no new lows; the Nasdaq Composite recorded 80 new highs and 25 new lows. Elsewhere, oil was steady after rising earlier on signs of improving demand. Se...

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We may shut down California operations - Uber

We may shut down California operations - Uber

Ride-hailing companies Uber and Lyft must classify their drivers as employees rather than freelancers, a judge in California has ruled . "Ultimately, we believe this issue will be decided by Cali...

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The graphs and charts that help explain the UK's technical recession

The graphs and charts that help explain the UK's technical recession

The Chancellor is understood to be keen to begin the process of rebuilding the economy from the impact of the pandemic, the Financial Times reported , but is apprehensive about committing to spendi...

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US Inflation Less Subdued in July as Used Cars, Apparel Rise

US Inflation Less Subdued in July as Used Cars, Apparel Rise

On an annual comparison basis, Serbia's CPI rose by 2.0% in July after growing by 1.6% in June, the statistical office said. Producer prices excluding food, energy, and trade services - a measure pr...

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Tesla Announces 5-For-1 Stock Split, Shares Trade Higher

Tesla Announces 5-For-1 Stock Split, Shares Trade Higher

At the end of trading on August 28, Tesla said in a press release , each shareholder will receive four additional shares for every share they own. The stock split will come into effect on August 28...

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UK And Japan Trade Talks Hit Blue Cheese Block

UK And Japan Trade Talks Hit Blue Cheese Block

However, there is speculation that Tokyo could consider lowering the barriers to blue-veined cheeses given the relatively small costs involved. Britain is seeking more preferential terms for its blu...

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Uber and Lyft drivers are employees, says U.S. judge

Uber and Lyft drivers are employees, says U.S. judge

California Attorney General Xavier Becerra filed suit against Uber and Lyft , saying they are ignoring state law classifying drivers as employees. California Superior Court Judge Ethan Schulman ...

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Unemployment in East of England highest for two years with 122,000 jobless

Unemployment in East of England highest for two years with 122,000 jobless

The ONS said employment rates are declining over the last month which saw a further 81,000 jobs lost, but the official unemployment rate is not rising. "New analysis shows that the youngest workers,...

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Nikola bags order to make 2500 electric garbage trucks for Republic Services

Nikola bags order to make 2500 electric garbage trucks for Republic Services

On-road testing will likely begin in early 2022. That would allow the emptying and compacting of 1,200 residential trash cans. Nikola is pushing to release its first truck next year, before Tesla's ...

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Mnuchin says he’ll listen to Democrats, and Pelosi hopes talks will resume

Mnuchin says he’ll listen to Democrats, and Pelosi hopes talks will resume

Previously, Democrats asserted that Trump lacks congressional spending authority with the orders. House Speaker Nancy Pelosi, the leader of the Democratic-controlled House of Representatives, called...

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